DINVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DINVEST
Largest movements
- Cash +€148,099
up €148,099 (+138%), from €107,207 to €255,307
mainly Net result for the year (+€332,938) and Depreciation (+€134,021)
- Tangible fixed assets -€124,908
down €124,908 (-9.7%), from €1.3m to €1.2m
of which Land and buildings: -€86,865
- Other debts -€334,433
down €334,433 (-49.2%), from €680,159 to €345,725
- Reserves +€306,181
up €306,181 (+368%), from €83,242 to €389,423
of which Distributable reserves: +€312,867
- Profit (loss) carried forward +€26,757
no longer reported in 2025 (was -€26,757)
- Tax, wage and social debts +€20,968
up €20,968 (+1,465%), from €1,432 to €22,399
- Gross operating margin +€289,615
up €289,615 (+144%), from €201,582 to €491,196
- Depreciation -€39,073
down €39,073 (-22.6%), from €173,093 to €134,021
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,467,292 | €1,488,118 | +€20,826 | +1.4% |
| Fixed assets | 21/28 | €1,319,480 | €1,194,572 | -€124,908 | -9.5% |
| Tangible fixed assets | 22/27 | €1,288,480 | €1,163,572 | -€124,908 | -9.7% |
| Land and buildings | 22 | €1,164,315 | €1,077,450 | -€86,865 | -7.5% |
| Plant, machinery and equipment | 23 | €25,980 | €21,306 | -€4,673 | -18.0% |
| Furniture and vehicles | 24 | €98,186 | €64,816 | -€33,370 | -34.0% |
| Financial fixed assets | 28 | €31,000 | €31,000 | = | 0.0% |
| Current assets | 29/58 | €147,812 | €293,546 | +€145,734 | +98.6% |
| Amounts receivable within one year | 40/41 | €2,065 | €2,065 | = | 0.0% |
| Trade receivables | 40 | €1,966 | €1,966 | = | 0.0% |
| Other amounts receivable | 41 | €99 | €99 | = | 0.0% |
| Current investments | 50/53 | €30,320 | €30,320 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,207 | €255,307 | +€148,099 | +138% |
| Deferred charges and accrued income | 490/1 | €8,220 | €5,854 | -€2,366 | -28.8% |
| Total equity and liabilities | 10/49 | €1,467,292 | €1,488,118 | +€20,826 | +1.4% |
| Equity | 10/15 | €738,485 | €1,071,423 | +€332,938 | +45.1% |
| Contributions | 10/11 | €682,000 | €682,000 | = | 0.0% |
| Capital | 10 | €682,000 | €682,000 | = | 0.0% |
| Issued capital | 100 | €682,000 | €682,000 | = | 0.0% |
| Reserves | 13 | €83,242 | €389,423 | +€306,181 | +368% |
| Non-distributable reserves | 130/1 | €68,200 | €68,200 | = | 0.0% |
| Legal reserve | 130 | €68,200 | €68,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,042 | €8,356 | -€6,685 | -44.4% |
| Distributable reserves | 133 | - | €312,867 | +€312,867 | |
| Profit (loss) carried forward | 14 | -€26,757 | - | +€26,757 | |
| Provisions and deferred taxes | 16 | €7,749 | €4,305 | -€3,444 | -44.4% |
| Deferred taxes | 168 | €7,749 | €4,305 | -€3,444 | -44.4% |
| Amounts payable | 17/49 | €721,059 | €412,390 | -€308,668 | -42.8% |
| Amounts payable after more than one year | 17 | €30,335 | €30,335 | = | 0.0% |
| Other amounts payable | 178/9 | €30,335 | €30,335 | = | 0.0% |
| Amounts payable within one year | 42/48 | €688,434 | €381,749 | -€306,685 | -44.5% |
| Financial debts | 43 | €33 | - | -€33 | |
| Credit institutions | 430/8 | €33 | - | -€33 | |
| Trade debts | 44 | €6,811 | €13,624 | +€6,813 | +100% |
| Suppliers | 440/4 | €6,811 | €13,624 | +€6,813 | +100% |
| Taxes, remuneration and social security | 45 | €1,432 | €22,399 | +€20,968 | +1,465% |
| Taxes | 450/3 | €1,432 | €22,399 | +€20,968 | +1,465% |
| Other amounts payable | 47/48 | €680,159 | €345,725 | -€334,433 | -49.2% |
| Accrued charges and deferred income | 492/3 | €2,289 | €306 | -€1,983 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,093 | €134,021 | -€39,073 | -22.6% |
| Other operating charges | 640/8 | €24,043 | €27,139 | +€3,096 | +12.9% |
| Gross operating margin | 9900 | €201,582 | €491,196 | +€289,615 | +144% |
| Operating profit (loss) | 9901 | €4,446 | €330,037 | +€325,591 | +7,324% |
| Financial income | 75/76B | €354 | €287 | -€67 | -18.9% |
| Recurring financial income | 75 | €354 | €287 | -€67 | -18.9% |
| Financial charges | 65/66B | €196 | €340 | +€144 | +73.5% |
| Recurring financial charges | 65 | €196 | €340 | +€144 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €4,603 | €329,984 | +€325,381 | +7,068% |
| Transfer from deferred taxes | 780 | €3,444 | €3,444 | = | 0.0% |
| Income taxes | 67/77 | €753 | €490 | -€263 | -34.9% |
| Profit (loss) for the period | 9904 | €7,294 | €332,938 | +€325,644 | +4,464% |
| Transfer from tax-exempt reserves | 789 | €6,685 | €6,685 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,980 | €339,623 | +€325,644 | +2,329% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.